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Pound tumbles on UK budget concerns

This article was originally published in Dairy Markets

The euro has risen against the dollar and rebounded versus the yen on Thursday. Investors' appetite for safe-haven currencies such as the US dollar and the yen eased amid a recovery in US then also European stocks, apparently triggered by a report showing US home prices rose in February. The single European currency traded as high as €1 = $1.3034, before falling back to €1 = $1.3017, after dropping to €1 = $1.2886 earlier in the day.



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